The Davos elite likes to make bold predictions. But they often get them wrong
But Goldman Sachs has improved its outlook on the region, saying this week it no longer forecasts a recession for the euro area.
"We maintain our view that euro area growth will be weak over the winter months given the energy crisis but no longer look for a technical recession. This reflects more resilient growth momentum at the end of last year, sharply lower natural gas prices and earlier China reopening," Goldman analysts said in the note.
They pointed to a GDP growth rate of 0.6% for 2023, compared to consensus expectations for a 0.1% contraction.that the United States could be heading for a nuclear war with North Korea. "The United States is set on a course towards nuclear war by refusing to accept that [North] Korea has become a nuclear power," he said at the time.So far, the United States has avoided any military conflict with North Korea. In fact, recent concerns along these lines are focussed on Russia, in the wake of its invasion of Ukraine.Cryptocurrency was rocky throughout 2022, but those in the market weren't expecting the collapse of FTX — once a $32 billion crypto exchange.
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